Tag: Thiel Logistik

GeoPost, Europe’s third largest provider of express and deferred parcels services, has reached an agreement to acquire Thiel Logistik AG’s 25.5% stake in DPD Austria. These shares were originally held by non-depositary partner companies Birkart, Dachser and Nathe & Quehenberger, with each holding equal stakes. The share purchase price has not been disclosed. The transaction is currently awaiting approval from Austrian anti-trust authorities. All parties expect the acquisition to be finalised by the end of this year. After this, GeoPost will be DPD Austria’s second largest shareholder. GeoPost holds about 85% in the DPD franchisor organization.